Constellation Brands Inc $STZ Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Constellation Brands Inc (NYSE:STZFree Report) by 107.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,727 shares of the company’s stock after acquiring an additional 49,491 shares during the period. Natixis Advisors LLC’s holdings in Constellation Brands were worth $13,206,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of STZ. Norges Bank purchased a new position in Constellation Brands in the fourth quarter valued at $267,798,000. Ameriprise Financial Inc. boosted its holdings in Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares during the period. Pzena Investment Management LLC purchased a new position in Constellation Brands in the fourth quarter valued at $81,381,000. Vanguard Group Inc. boosted its holdings in Constellation Brands by 3.3% in the third quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock valued at $2,451,346,000 after purchasing an additional 573,766 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Constellation Brands by 1,249.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock valued at $77,550,000 after purchasing an additional 441,382 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.45% of the stock is owned by corporate insiders.

Constellation Brands Stock Up 2.4%

STZ opened at $141.11 on Friday. The business’s 50-day simple moving average is $150.69 and its 200-day simple moving average is $149.41. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08. Constellation Brands Inc has a one year low of $126.45 and a one year high of $178.13. The stock has a market capitalization of $24.30 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.39.

Constellation Brands (NYSE:STZGet Free Report) last posted its earnings results on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The business’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 earnings per share. Analysts anticipate that Constellation Brands Inc will post 11.87 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s payout ratio is presently 42.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STZ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Friday, April 10th. JPMorgan Chase & Co. lifted their target price on Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a report on Friday, April 10th. UBS Group lifted their target price on Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Barclays lifted their target price on Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.26.

Read Our Latest Research Report on STZ

About Constellation Brands

(Free Report)

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

See Also

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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